Press Release Details

Sep 06, 2012

Realty Income To Acquire American Realty Capital Trust In $2.95 Billion Transaction

ESCONDIDO, CALIFORNIA and NEW YORK, NEW YORK, September 6, 2012. Realty Income Corporation (Realty Income), the Monthly Dividend Company®, (NYSE: O) and American Realty Capital Trust, Inc. (NASDAQ: ARCT), announced today that they have signed a definitive agreement under which Realty Income will acquire all of the outstanding shares of American Realty Capital Trust (ARCT) in a transaction valued at approximately $2.95 billion. The board of directors of both companies have unanimously approved the agreement. Following a shareholder vote by both companies, the transaction is expected to close during the fourth quarter of 2012 or early in the first quarter of 2013. Upon completion, it is anticipated that Realty Income will be the 18th largest REIT in the US, based on total pro forma equity market capitalization, and twice as large as the next largest net lease REIT.

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